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Manitex International, Inc. (MNTX) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Industrial Machinery/Components
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017Bullish EngulfingBullish EngulfingFri, 17 Nov 20175.6%
***Stock database and scans are updated around midnight (New York time) every trading day.
8.49 0.00 (0%) Nov 28 4:00pm EDT
Open: 8.25 Range: 8.19 - 8.49 Vol: 15.43K Avg Vol: 59.4K
EPS: -2.48 P/E ratio: 0.00 EBITDA: 6.67M Mkt Cap: 150.33M
Analyze "MNTX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 8.34
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 8.36
Last Trade is below the 50 day moving average at 8.69
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 7.81
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MNTX

Stock Trend Analysis - Buy, Sell or Hold "Manitex International, Inc." (MNTX)?

MNTX is in a very strong uptrend. In the last 52 weeks, MNTX has been trading above the 200 day moving average for 88% of the time with an average daily volume of 59.4K shares being traded. The 50 day moving average, currently at 8.69, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. MNTX was only able to maintain above the 20 SMA for 35% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in MNTX is near the 200 SMA currently at 7.81. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MNTX".

The analyst consensus estimates for the 1 year price target for this stock is $10.50* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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